Red Lake Gold Inc. announced that it has retained Thunder Bay-based Fladgate Exploration Consulting Corporation (?Fladgate?) to design and perform an upcoming field exploration program at its Whirlwind Jack Gold Project near Red Lake, Ontario. Based on its geophysical exploration work to-date, Red Lake Gold believes that its Whirlwind Jack Gold Project may host a westerly extension of an important regional fault, commonly referred to as the LP Fault, which has been identified on mining claims that adjoin the Whirlwind Jack Gold Project. Red Lake Gold is seeking to determine if gold endowment also exists at its Whirlwind Jack Gold Project within the potential area of this interpreted westerly extension.

To views held by the Corporation, the exploration program is expected to focus on a significant mag low corridor situated within the Whirlwind Jack Gold Project, which itself adjoins the Great Bear Project being advanced by Kinross Gold Corporation. Red Lake Gold expects that the field exploration program will be primarily funded using proceeds from its recently closed flow-through financing (see news release, Red Lake Gold Inc. Closes Financings, dated April 5, 2024). As previously reported, the Corporation is in the ongoing process of refining and resizing the initial scale of its Whirlwind Jack Gold Project to more effectively explore areas of prioritized interest that are situated in closest proximity to the adjoining Great Bear Project, as well as to proactively adjust for other regional interests.

The anticipated exploration program outlined by this news release is expected to be the second exploration program performed by Red Lake Gold since it fully resolved operatorship of the Whirlwind Jack Gold Project last year. The Corporation shall endeavor to update shareholders on the implementation of the expected field program in the ordinary and appropriate course. The Corporation cautions that the exploration potential of and any exploration results from the Whirlwind Jack Gold Project may differ, materially, from exploration results of adjoining and/or regional projects, including but not limited to the adjacent Great Bear Project being advanced by Kinross Gold Corporation.